Review : Investment in Sarvottam Golden i, Commercial, Noida Extension, Loss or Profit

Project Review : The Sarvottam Golden i, is situated in the Techzone-4, Noida Extension (Greater Noida West). This project is under developing by the Sarvottam Group. Its a mix land use project. This project consists of IT/ITES Offices space, Retail Commercial Space, Corporate Suites and Residential Apartments. It’s a Mall type commercial project. In this property commercial shops and office space are available in various sizes.

Possession | Construction Update
This is the most uncertain query of the entire project. The promised date of delivery/possession is in the year of December 2018. Which is almost an impossible task. The construction is not start till date or can say that there is no construction activity at the site of the Sarvottam Golden i. Maybe the Map not approved yet. So this project can be delay for more than 4 – 5 years.

sarvottam golden i commercial, noida extension

As per Location
The Sarvottam Golden i is situated in the prime location of the Noida Extension (Greater Noida West). It is located on the Noida Greater Noida link road of the Noida Extension, nearby the Kishan chowk.
It’s a corner property both sides are wide roads. It is just two-minute drive from the Noida and just 5-minute drive from the Ghaziabad NH-24.

This project is just walking distance from upcoming Kishan chowk Metro Station. This is the only commercial project which cater the whole residential belt of this side of the Techzone-4, Noida Extension.
Approx more than 20 thousand families expected to reside in next three years at this location of Techzone-4, Noida Extension. It’s a Mall type commercial property.

Drawbacks | Bad Factors
This project is already delayed for more than two years and nowadays there is no construction activate on the Sarvottam Golden i and to see the present situation of this project it seems that the construction of this project will hardly complete.

In the Ghaziabad, Noida and Greater Noida area, all Mall or Mall type properties are not a good and safe Investment options. The Maximum Investors who invested in the Mall type properties are in the 99% loss.

In The Ghaziabad, Noida and Greater Noida area, only a few Mall are running fine like The Shipra Mall, The GIP Mall, The DLF Mall of India etc otherwise all other Mall type properties are the investment of 99% loss.

The construction and possession of this project depend on the sale of shops/space so the project may be the delay.

Key Point
The point to be noted that according to our experience that the investment in any retail commercial shop/project should be done only when its external structure is visible. Only just looking at the map or in the soft launch and pre-launch stage of any retail/Mall commercial project and investing in it, is very risky.

The property is best suited if you are willing to hold onto a longer term for returns as it would take a couple of more years (or even more) for completion of the property and the market to appreciate in the locality. As for the location of the property is concerned it is a prime locality with all required amenities located within 3-5 km. And this is subjected to the completion of this project on the set time, next year, which seems fairly uncertain.

It is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts surrounding the possession date, there may not be a real appreciation of value for resale in a year. In fact investors who are trying to make a sale of their property in the Sarvottam Golden i are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.

As we advice to the investors that buying/investment in the office space of the Sarvottam Golden i is good for business and investment purpose instead of commercial retail shops. The ground floor main road facing commercial retail shops is also the good investment.

Advice
Do not put your hard earned money in the builder’s seduction, Assured return and lease guaranty properties are always an investment of risk. So invest wisely.

These days the developer of the Sarvottam Golden i, offering several attractive schemes to customers to invests in this property, like the 12% assured return, lease guaranty, and 30-70, 50-50%, payment plans.

Basically, the Assured return and Lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard earned money in the name of the assured return or rent to you in the form of EMI. Actually, they are making you fool.

Advantages | Good Factors
That the Sarvottam Golden i is 100% visible to all passers from surrounding residential societies like The Amrapali Leisure Valley, The Amrapali Crystal Homes, The Supertech eco village, The Arihant Arden and much more. So the visibility of the Sarvottam Golden i is excellent.

At present the layout design of the Sarvottam Golden i is very impressive, especially ground floor retail shops layout is very good. (Which is subject to approvel of shown layout map) The Maximum commercial retail shop of the ground floor is properly visible from the main road. The ground floor commercial retail shops are double height.

The project has sufficient parking space for stakeholders and visiting guests.

The developer of the Sarvottam Golden i, has good track record. The Builder claim that this project land is 100% paid. The quality of construction is also good.

Sarvottam Golden i, Techzone-4, Greater Noida West

Price | Lease Price
Right now commercial retail shop price starting from INR RS 09K per sq ft and office space price starts from INR Rs 04K per sq ft plus other charges.
The price is very reasonable and competitive for investment in this type of good property.

These days the developer of the Sarvottam Golden i, offering several attractive schemes to customers to invests in this property, like the 12% assured return, lease guaranty, and 30-70, 50-50%, payment plans.

That builder/project who offers this kind of investment offers is not in the category of secure investment, as our experience most assured return properties are the investment of loss

Conclusion
Property investment is a huge step and it involves a lot of money. It is therefore important that you review the pros and cons and weigh them before reaching a decision. As for the Sarvottam Golden i property from Sarvottam Group is concerned, despite being multi-use one of its kind project, the simple fact that the project is unable to meet its milestones speaks volumes on whether you should rely on it. Our advice would be to not invest in this project given the uncertainty surrounding the possession dates.

CPR Rating: * *

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